Stifel Financial Corp Decreases Position in Janus International Group, Inc. (NYSE:JBI)

Stifel Financial Corp lowered its stake in Janus International Group, Inc. (NYSE:JBI) by 4.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 42,285 shares of the company’s stock after selling 1,818 shares during the quarter. Stifel Financial Corp’s holdings in Janus International Group were worth $428,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Point72 Hong Kong Ltd acquired a new stake in Janus International Group in the second quarter valued at approximately $60,000. Amalgamated Bank boosted its stake in shares of Janus International Group by 73.2% in the second quarter. Amalgamated Bank now owns 4,909 shares of the company’s stock valued at $62,000 after purchasing an additional 2,074 shares during the period. Quarry LP grew its holdings in Janus International Group by 216.4% during the 2nd quarter. Quarry LP now owns 6,527 shares of the company’s stock valued at $82,000 after purchasing an additional 4,464 shares in the last quarter. Holocene Advisors LP acquired a new stake in Janus International Group during the 3rd quarter valued at $125,000. Finally, SkyView Investment Advisors LLC purchased a new stake in Janus International Group during the 2nd quarter worth $126,000. 88.78% of the stock is currently owned by hedge funds and other institutional investors.

Janus International Group Price Performance

JBI opened at $7.36 on Friday. The company has a market capitalization of $1.04 billion, a P/E ratio of 10.22 and a beta of 0.91. The company has a 50-day moving average of $7.77 and a 200-day moving average of $10.27. The company has a debt-to-equity ratio of 1.11, a quick ratio of 2.39 and a current ratio of 2.80. Janus International Group, Inc. has a 1-year low of $6.68 and a 1-year high of $15.86.

Janus International Group (NYSE:JBI) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.09). Janus International Group had a net margin of 10.62% and a return on equity of 21.10%. The firm had revenue of $230.10 million during the quarter, compared to the consensus estimate of $248.21 million. During the same period in the prior year, the firm earned $0.27 earnings per share. The firm’s quarterly revenue was down 17.9% compared to the same quarter last year. Equities analysts expect that Janus International Group, Inc. will post 0.54 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. UBS Group decreased their price objective on shares of Janus International Group from $12.00 to $8.50 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. Jefferies Financial Group downgraded Janus International Group from a “buy” rating to a “hold” rating and reduced their price target for the company from $12.00 to $7.50 in a report on Monday, November 4th. Finally, KeyCorp dropped their price objective on Janus International Group from $13.00 to $11.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $10.25.

Janus International Group Company Profile

Janus International Group, Inc manufacturers and supplies turn-key self-storage, and commercial and industrial building solutions in North America and internationally. The company offers roll up and swing doors, hallway systems, relocatable storage moveable additional storage structures units, and other solutions.